This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.

The Easiest Way To prepare for Scalp Trading the ES E-Mini Futures.

Pre-Market Analysis:

LIVE Detail Chart Analysis and Reviews provided in ES LIVE with digital video and audio.

So we watched our ES 5 Minute Complete rules and Market Cycle Analysis conditions for evidence of setups from Candlestick analysis, chart formations and patterns and price action.

Yesterday during normal trading hours, momentum continued to build as price action formed a series of higher highs and higher lows in a mini market cycle phase 2 uptrend. The 20MA continued to converge upwards above and away from the 200MA. Price action continued to remain above the prior day’s high in after hours and during pre-market, it retraced back towards the prior day’s high and found minor support before moving higher heading into the opening bell.

Economic News:

Pre-market Economic news and reports…

 

Every Day we use the following Scalp Trading Strategies…

Mastering-the-Market-Cycle2

Explanation:

After the opening bell, price action continued the mini market cycle phase 2 uptrend. We took an aggressive LONG entry based on new intraday highs and continuation of the uptrend and captured 2.0+ points profit.   

 

Mini Market Cycles Analysis: